by Meridith Levinson

Executive Compensation: The 10 Highest-Paid Tech Chiefs of 2008

News
Jul 10, 20094 mins
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A look at the IT executives who are cashing the biggest paychecks and the reasons why these men (and one woman) earn what they do.

Randy Mott

Title:

Company: Hewlett-Packard (Fortune 9)

Total Compensation (2008):

Base Salary: $690,000

Bonus:

Stock Awards: $2,727,079

Option Awards:

Non-Equity Incentive Plan Compensation: $16,068,000

Change in Pension Value and Deferred Compensation:

All Other Compensation: $185,418

Mott’s $28 million pay package in 2008 was nearly four times the $7.3 million he earned the prior year. The only HP executive who earned more money than Randy Mott in 2008 was Chairman and CEO Mark Hurd, who banked $42.4 million.

John T. Stankey

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Title:

Company: AT&T (Fortune 8)

Total Compensation (2008):

Base Salary: $825,000

Bonus:

Stock Awards: $3,937,285

Option Awards:

Non-Equity Incentive Plan Compensation: $150,000

Change in Pension Value and Deferred Compensation:

All Other Compensation: $130,101

Stankey is responsible for network operations, technology planning, IT, and shared services for AT&T’s wireless and wired networks. His bonus recognizes his effort to cut costs in AT&T’s telephone business and a 40 gigabit IP backbone conversion.

Linda R. Gooden

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Title:

Company: Lockheed Martin (Fortune 54)

Total Compensation (2008):

Base Salary: $591,154

Bonus:

Stock Awards: $316,961

Option Awards:

Non-Equity Incentive Plan Compensation: $697,375

Change in Pension Value and Deferred Compensation:

All Other Compensation: $234,375

According to Lockheed Martin’s 2009 proxy statement, Gooden was rewarded for her operational performance, for bringing on new business and for integrating businesses.